USD/JPY technical analysis: Greenback retreating against Yen, trades near 109.00 handle and 200 DMA

USD/JPY is starting the week on the back foot.
The market is challenging the 109.00 handle in the New York session.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading near the 109.00 handle and the 200-day simple moving average (SMA) on the daily chart. In the last two months the spot has been rising consistently suggesting potential further strength.

USD/JPY four-hour chart

The spot is trading above the main SMAs on the four-hour chart, suggesting a bullish bias in the medium term. The market is battling with the 109.00 handle. Resistances on the way up are seen at the 109.32/49 price zone, 109.77 level, followed by the 110.34 price level, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

USD/JPY is trading below the main SMAs, suggesting a bearish momentum in the near term. Support is seen at the 108.75, 108.47 and 107.93 levels, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	108.99
Today Daily Change	-0.23
Today Daily Change %	-0.21
Today daily open	109.22

Trends
Daily SMA20	108.71
Daily SMA50	107.98
Daily SMA100	107.64
Daily SMA200	109.03

Levels
Previous Daily High	109.48
Previous Daily Low	109.08
Previous Weekly High	109.49
Previous Weekly Low	108.1
Previous Monthly High	109.29
Previous Monthly Low	106.48
Daily Fibonacci 38.2%	109.23
Daily Fibonacci 61.8%	109.32
Daily Pivot Point S1	109.04
Daily Pivot Point S2	108.86
Daily Pivot Point S3	108.63
Daily Pivot Point R1	109.44
Daily Pivot Point R2	109.66
Daily Pivot Point R3	109.84

Author

Flavio Tosti

Independent Analyst

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